Wedbush Analysts Decrease Earnings Estimates for Fortinet

Fortinet, Inc. (NASDAQ:FTNT) – Research analysts at Wedbush cut their Q2 2025 earnings per share estimates for shares of Fortinet in a research note issued on Monday, November 18th. Wedbush analyst D. Ives now expects that the software maker will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.49. Wedbush currently has a “Outperform” rating and a $105.00 price target on the stock. The consensus estimate for Fortinet’s current full-year earnings is $1.89 per share. Wedbush also issued estimates for Fortinet’s Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.63 EPS and FY2025 earnings at $2.10 EPS.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their target price on Fortinet from $77.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday. Guggenheim lowered Fortinet from a “buy” rating to a “neutral” rating in a report on Monday, July 29th. Rosenblatt Securities raised their target price on Fortinet from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday. TD Cowen raised their target price on Fortinet from $90.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays raised their target price on Fortinet from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $88.93.

Fortinet Stock Up 1.8 %

Shares of FTNT stock opened at $94.13 on Thursday. The company has a market capitalization of $72.15 billion, a price-to-earnings ratio of 47.54, a PEG ratio of 2.71 and a beta of 1.00. The stock’s 50 day simple moving average is $82.10 and its 200 day simple moving average is $70.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.25 and a current ratio of 1.34. Fortinet has a twelve month low of $50.65 and a twelve month high of $100.59.

Insider Activity at Fortinet

In other Fortinet news, CFO Keith Jensen sold 4,250 shares of Fortinet stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $90.83, for a total value of $386,027.50. Following the completion of the transaction, the chief financial officer now owns 4,689 shares in the company, valued at approximately $425,901.87. The trade was a 47.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ken Xie sold 23,538 shares of Fortinet stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $74.94, for a total value of $1,763,937.72. Following the completion of the transaction, the chief executive officer now owns 48,878,806 shares of the company’s stock, valued at approximately $3,662,977,721.64. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,095 shares of company stock valued at $4,058,575 in the last 90 days. 18.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fortinet

Several institutional investors have recently bought and sold shares of the business. Eastern Bank bought a new stake in shares of Fortinet during the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Fortinet during the third quarter worth $26,000. Private Wealth Management Group LLC raised its position in shares of Fortinet by 73.3% during the third quarter. Private Wealth Management Group LLC now owns 409 shares of the software maker’s stock worth $32,000 after acquiring an additional 173 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Fortinet during the second quarter worth $33,000. Finally, Versant Capital Management Inc raised its position in shares of Fortinet by 61.2% during the second quarter. Versant Capital Management Inc now owns 627 shares of the software maker’s stock worth $38,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

Fortinet Company Profile

Fortinet, Inc provides cybersecurity and convergence of networking and security solutions worldwide. It offers secure networking solutions focus on the convergence of networking and security; network firewall solutions that consist of FortiGate data centers, hyperscale, and distributed firewalls, as well as encrypted applications; wireless LAN solutions; and secure connectivity solutions, including FortiSwitch secure ethernet switches, FortiAP wireless local area network access points, FortiExtender 5G connectivity gateways, and other products.